Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
10
August
2016

ISBN: 9781513507521

This chapter considers features of small island states in the Pacific region as well as in Asia, and documents some of the key characteristics that set them apart from small states in other regions. The chap...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
10
August
2016

ISBN: 9781513507521

Monetary transmission in the Pacific is complicated by the absence of a number of channels that are available to central banks in advanced economies. This leaves monetary policy dependent on interest rate pa...